COLLINGWOOD G HOWARD

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PS: Planned sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value	Details
2004-05-17	2004-03-17	Admiralty Holding Co (ADMH)	B Purchase	50,000 +2.0% 2.00 USD 100,000	50,000 +2.0%	2.00	USD 100,000
2004-05-17	2004-03-08	Admiralty Holding Co (ADMH)	S Sale	16,130 -2.4% 0.93 USD 14,920	16,130 -2.4%	0.93	USD 14,920
2004-05-17	2004-03-02	Admiralty Holding Co (ADMH)	S Sale	10,000 -1.5% 0.75 USD 7,500	10,000 -1.5%	0.75	USD 7,500
2004-05-17	2003-12-19	Admiralty Holding Co (ADMH)	S Sale	79,000 -10.5% 0.56 USD 44,240	79,000 -10.5%	0.56	USD 44,240
2004-05-17	2003-11-05	Admiralty Holding Co (ADMH)	S Sale	15,000 -2.0% 0.30 USD 4,500	15,000 -2.0%	0.30	USD 4,500
2004-05-17	2003-09-30	Admiralty Holding Co (ADMH)	S Sale	40,000 -5.0% 0.31 USD 12,400	40,000 -5.0%	0.31	USD 12,400